Wages earned by people working in America skyrocketed to the highest level in two decades during the July-September 2021 time period. Companies throughout the United States are being forced to pay higher wages in order to attract and keep workers. Workers employed in hotels, bars and restaurants enjoyed an average increase of 8.1% during the third quarter of 2021 compared with the same time period in 2020. People working in the US retail sector received an average of 5.1% higher pay compared with 12 months earlier. For the first time in about 20 years, workers have an advantage over employers when it comes to negotiating higher pay and other benefits. This has led many workers to quit their jobs in the USA, because they can earn higher wages by switching jobs due to the widespread labor shortage. The Federal Reserve Bank of Atlanta reported that Americans who quit their jobs in the US to work for a different employer increased their income around 5.4 percent compared with one year prior. Many economists are predicting that worker wages in the USA will continue to rise for the foreseeable future. To read more,click here!